Sigmaroc Share Discussion Threads

[arregius] 29/3/2022 05:46

https://www.investorschronicle.co.uk/ideas/2022/03/28/priced-for-a-profitable-recovery/

[wanttowin] 28/3/2022 14:47

I'm holding firm, SRC has been a great stock for me these past two years..

The building trades going mad, excellent management, good growth and acquisitions, ticks the boxes for me.

I'll be adding if this weakness carries on.

[arregius] 28/3/2022 11:59

Results were better than expected. Improved margins even and costs are being passed through effectively....

[clocktower] 28/3/2022 11:46

More important is what I am expecting now Arregius, as it has some way to drop to my target yet.

In fact Masurenguy has summed up some of the concerns well imo but even if the problems persist, when the share price falls to my target I shall start buying a few and watch which way it goes from then on.

[arregius] 25/3/2022 09:52

Disappoint? What were you expecting?

[masurenguy] 25/3/2022 09:17

Well Nordkalk is potentially on the front line with most of its activities in Finland and Poland and in the current environment many investors are nervous. At 79p the PER is circa 16 and falling to circa 12 this year if current forecasts are achieved. Price is now at a discount of around 8% against the placing price to fund the acquisition of Nordkalk. Some volatility will persist due to the border proximity with Russia/Belarus while the Ukraine conflict continues particularly with the nascent threat of chemical or tactical nuclear weapons being used over the border and a potentially uncertain NATO response.

[johnrxx99] 25/3/2022 09:04

It did make a loss for god's sake. It will settle

[clocktower] 25/3/2022 09:04

I disagree Arregius, The figures disappointed me, I only bought back in because of the big drop but I thought the numbers would be much better, along with the forward statement.

I sold when I read the last RNS and fortunately came out with a small profit but I will not be re-investing unless they drop to my target price, based on the last results.

Good Luck though.

[hsduk101] 25/3/2022 09:03

Give it a few days for all the sellers to dissappear.

Some will try to buy again at the bottom

[stevieweebie2] 25/3/2022 09:03

Arregius, maybe your looking at the wrong market,look at the energy market

[arregius] 25/3/2022 08:55

Dont understand market here, results were better than expected with improved margins...Noise

[shanklin] 25/3/2022 08:54

As posted on Twitter by Arregius

[tonytyke2] 24/3/2022 17:25

Yep, they do look like sells, but your never sure, 6.3 million +

[blue377] 24/3/2022 16:38

A few big sells at the end of the Day ?

[clocktower] 23/3/2022 11:16

Disappointing to say the least but solid all the same and a safe haven at present.

[18bt] 23/3/2022 10:36

Not much of an outlook statement - don’t blame them as figures near forecasts, but markets are forward looking

[markyp23] 23/3/2022 10:19

Pleased to have avoided bad news and bad mood music in the outlook

[wanttowin] 23/3/2022 08:32

A rather muted response to a positive and substantial update..I guess energy costs are weighing us down.

[hsduk101] 22/3/2022 11:43

I'm guessing tomorrow's figures will be pre Ukraine war

[arregius] 22/3/2022 11:26

expectations for tomorrow?

[nw99] 17/3/2022 07:35

Results 23/3

[clocktower] 16/3/2022 11:53

Construction is the only way governments know how to simulate the economy,and with so many huge infrastructure programs in the pipeline, this is one of the companies that will continue to thrive.

Upwards and onwards to former highs and more imo.

[masurenguy] 15/3/2022 08:16

An interesting read across for SRC !

Breedon’s pricing power remains strong, says Berenberg

Construction materials group Breedon still has strong pricing power despite inflationary headwinds, says Berenberg. Analyst Lushanthan Mahendrarajah retained his ‘buy’ recommendation but lowered the target price from 130p to 120p on the stock, which closed 4.5% higher at 85.8p on Wednesday.

He said the shares have ‘"de-rated by 42% since highs in July last year despite the company delivering robust results and managing cost inflation well over that period. Given the current macro uncertainty, we believe Breedon screens well: 50% of its revenue driven by the UK-government-supported infrastructure market, energy costs are fixed for the year, there is strong pricing power in the UK and Ireland aggregate and cement sectors, further M&A scope, and material upside if margin targets are achieved," he said. Mahendrarajah said energy cost volatility will continue but, despite this and rising inflation more broadly, Breedon ‘expects to fully recover input cost increases’.

[km18] 11/3/2022 12:52

...from last year...

Is a buy and built quarried material group, which works on decentralized approach to meet demand of its costumer where local managers are fully given autonomy to make decisions. The company makes acquisition of building material sites to match demand of its customers with operations focused primarily on Europe.

The company is experiencing few backlogs as parts of Europe are coming out of lock down but strong demand in construction and building material is offsetting any affect that may caused due to lock down. As more infrastructure projects are expected to resume the demand for Building material is expected to rise. Compared to its peers such as Breedon and CRH. The company has very small market cap of £291.07 compared to £29bn and £1.7bn respectively. Which gives niche player like SRC a lot of room to grow. Where instead to building centralized system, the company has very different business model compared to others. The high mass to price ratio (It cost more to transport as material gets heavier) provides focused growth opportunity to capture fragmented market.

The company announced very strong Half Yearly today Ky highlights are:

Revenue grown 55% from H1 £54.5m to £84.8m
EBT grown 63% from H1 from £5.3m to H2 to £8.7m
EPS has increased from 1.98p to 2.68p
Excess to banking facility of £305m
The company has ROE of 5.15 and ROIC of 7.8%
P/E ratio is 17...

...from WealthOracleAM

[clocktower] 11/3/2022 10:36

Expect this to rebound before very long, as I agree with nw99 who says oversold.